The evolution of the state and local government municipal debt market over the past quarter century
Hildreth, W. Bartley, 1949- Zorn, C. Kurt
Hildreth, W. Bartley, 1949-
Zorn, C. Kurt
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2005-11-29
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HILDRETH, W.B. and ZORN, C.K. (2005), The Evolution of the State and Local Government Municipal Debt Market over the Past Quarter Century. Public Budgeting & Finance, 25: 127-153. https://doi.org/10.1111/j.1540-5850.2005.00007.x
Abstract
Much has happened in the municipal bond market during the past 25 years. This article provides a retrospective of some of the significant developments in the market during that period of time. These developments include passage of the Tax Reform Act of 1986, innovations in the market in response to changing economic and social conditions, and the regulation, increase in disclosure requirements, and proliferatioin of credit enhancements that renewed the efficacy of municipal securities for American state and local governments. © 2017 Wiley. All rights reserved.
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This is an open access article under the CC BY license.
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Wiley-Blackwell
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Public Budgeting and Finance
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02751100